Author

Topic: Google chairman to sell $2.5 bn of shares (Read 787 times)

legendary
Activity: 1764
Merit: 1002
February 09, 2013, 11:57:12 AM
#8
Don't you get it?  Grin





i guess not.  i keep getting it wrong.
sr. member
Activity: 252
Merit: 250
February 09, 2013, 11:42:54 AM
#7
Don't you get it?  Grin



legendary
Activity: 1764
Merit: 1002
February 09, 2013, 11:09:55 AM
#6
Who knows?  Maybe he plans on buying bitcoins  Wink

Quote
Google's Chairman Eric Schmidt plans to sell 3.2 million "A" shares, currently worth $2.5 billion, over the next year, Google said Friday in a filing with the Securities and Exchange Commission.

Read more at: http://phys.org/news/2013-02-google-chairman-bn.html#jCp

that'll only buy him 100 Million Bitcoins at today's price.  oh wait, that's not possible.  

either they'll have to make more Bitcoins for him or the price would have to go up, huh?

Duh.  Of course that would drive the price up.  I don't think $2.5 bn are enough to corner the market.

forgive me.  i need you to teach me these things.
legendary
Activity: 1288
Merit: 1080
February 09, 2013, 11:05:16 AM
#5
Who knows?  Maybe he plans on buying bitcoins  Wink

Quote
Google's Chairman Eric Schmidt plans to sell 3.2 million "A" shares, currently worth $2.5 billion, over the next year, Google said Friday in a filing with the Securities and Exchange Commission.

Read more at: http://phys.org/news/2013-02-google-chairman-bn.html#jCp

that'll only buy him 100 Million Bitcoins at today's price.  oh wait, that's not possible.  

either they'll have to make more Bitcoins for him or the price would have to go up, huh?

Duh.  Of course that would drive the price up.  I don't think $2.5 bn are enough to corner the market.
legendary
Activity: 1764
Merit: 1002
February 09, 2013, 11:03:31 AM
#4
Who knows?  Maybe he plans on buying bitcoins  Wink

Quote
Google's Chairman Eric Schmidt plans to sell 3.2 million "A" shares, currently worth $2.5 billion, over the next year, Google said Friday in a filing with the Securities and Exchange Commission.

Read more at: http://phys.org/news/2013-02-google-chairman-bn.html#jCp

that'll only buy him 100 Million Bitcoins at today's price.  oh wait, that's not possible.  

either they'll have to make more Bitcoins for him or the price would have to go up, huh?
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
February 09, 2013, 11:02:20 AM
#3
I think this has more to do with the company denominated in USD than the stock itself... The Chinese have still plenty of thirst you know.
sr. member
Activity: 252
Merit: 250
February 09, 2013, 10:56:30 AM
#2
Who knows?  Maybe he plans on buying bitcoins  Wink

Quote
Google's Chairman Eric Schmidt plans to sell 3.2 million "A" shares, currently worth $2.5 billion, over the next year, Google said Friday in a filing with the Securities and Exchange Commission.

Read more at: http://phys.org/news/2013-02-google-chairman-bn.html#jCp

Or buying North Korea.
legendary
Activity: 1288
Merit: 1080
February 09, 2013, 10:52:51 AM
#1
Who knows?  Maybe he plans on buying bitcoins  Wink

Quote
Google's Chairman Eric Schmidt plans to sell 3.2 million "A" shares, currently worth $2.5 billion, over the next year, Google said Friday in a filing with the Securities and Exchange Commission.

Read more at: http://phys.org/news/2013-02-google-chairman-bn.html#jCp

Edit:  remember that Schmidt has been aware of bitcoin for almost a year now (at least):

Schmidt also revealed that Google wanted to create a rival to Internet peer to peer currency Bitcoin. The company planned to call it "Google Bucks." Though Schmidt said peer to peer currencies like Bitcoin are "a great idea," Google Bucks never got off the ground because these currencies are illegal in many countries.
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